Crypto Prices Today (Feb 25): Why BTC Stooped To $88K Low & Altcoins Followed?

Crypto Prices Today (February 25): The broader market action set off severe investor concerns on Tuesday, showcasing an alarmingly slumping trajectory. Bitcoin (BTC) price swooped below $90K in the past 24 hours, whereas Ethereum (ETH) dropped below $2,400. XRP and Solana prices tanked 13%-15% intraday, mimicking the broader market trend. This waning action mainly aligns with Donald Trump’s recent tariff announcement for Canada & Mexico and massive liquidations.

Crypto Prices Today: Here’s Why BTC & Altcoins Were Down

Notably, Donald Trump recently stated that U.S. import tariffs on Canada and Mexico ‘will go forward’ following a 30-day halt put earlier. As per recent reports, the halt is set to expire as soon as next week. In light of this macroeconomic development, global markets are taking heat amid trade war speculations.

Simultaneously, the cryptocurrency market lost nearly 8% amid this development, with the market slipping below the $3 trillion mark to $2.88 trillion during early Asian hours on Tuesday. Further, the market also recorded a whopping $887.85 million liquidated in the past 24 hours. In turn, BTC & leading altcoins reacted concerningly bearish to these broader trends.

Bitcoin Hits $88K Low Intraday As Crypto Prices Face Heat

Although BTC price rested at $89,088 as of press time, CoinMarketCap’s data highlighted a $88,273 bottom for the token intraday. This alarming price drop comes against the backdrop of $271.69 million worth of liquidations for the coin in the past 24 hours. Despite its price dip, BTC’s dominance was up by 0.94% to 61.16%, signaling more heat within the altcoins sector.

ETH Loses $2,400

ETH price witnessed a 13% crash in the past 24 hours and closed in at $2,375. The coin hit a bottom and peak of $2,326.63 and $2,735.15 in the past 24 hours. Ethereum’s waning action reflects $192.53 million liquidated in the past 24 hours, per Coinglass data. The second largest crypto by market cap saw its dominance slipping back to 10.1% today.

XRP Price Loses 13%

XRP price plunged 13% over the past day and exchanged hands at $2.15. The Ripple-backed asset hit an intraday low and high of $2.12 and $2.50, respectively. XRP recorded $38.25 million worth of liquidations in the past 24 hours, rationalizing the price fall.

Solana Price Crashes 15%

Meanwhile, SOL price cracked by 15% as of press time, remaining at $137.19. The coin hit a bottom and peak of $134.04 and $161.61, respectively. Solana slumped as $90.60 million was liquidated in the background, bringing heat to its price.

Meme Crypto Prices Today

Dogecoin (DOGE) witnessed a 14% dip in value today, closing in at 0.2013. Even Shiba Inu (SHIB) lost 11% to reach $0.00001337. Other than dog-themed meme coin prices crashing, even PEPE and TRUMP lost 13%-15%, standing at $0.000007818 and $13.10, respectively.

Top Gainer Crypto Prices Today

Nevertheless, some tokens have defied the broader market slump today:

Story (IP)

Price: $4.72
24-Hour Gains: +20%

DeXe (DEXE)

Price: $19.11
24-Hour Gains: +4%

FTX Token (FTT)

Price: $1.91
24-Hour Gains: +1%

Top Loser Crypto Prices Today

Hyperliquid (HYPE)

Price: $18.58
24-Hour Loss: -16%

Sonic (S)

Price: $0.7257
24-Hour Loss: -15%

LidoDAO (LDO)

Price: $1.37
24-Hour Loss: -15%

Meanwhile, traders and investors remain cautious, reflecting uncertainty about future movements amid broader developments. It is yet to be seen if prices will take further heat, given that the U.S. import tariffs commence next week with burgeoning trade war speculations.